T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) – Equities researchers at KeyCorp lifted their FY2022 earnings estimates for T-Mobile US in a research note issued to investors on Wednesday, January 4th. KeyCorp analyst B. Nispel now anticipates that the Wireless communications provider will earn $2.10 per share for the year, up from their previous forecast of $2.02. KeyCorp currently has an “Overweight” rating and a $165.00 target price on the stock. The consensus estimate for T-Mobile US’s current full-year earnings is $2.01 per share. KeyCorp also issued estimates for T-Mobile US’s Q4 2022 earnings at $1.21 EPS, Q1 2023 earnings at $1.81 EPS, Q2 2023 earnings at $1.56 EPS, Q4 2023 earnings at $1.71 EPS and FY2023 earnings at $7.15 EPS.
A number of other analysts have also recently issued reports on TMUS. Cowen raised their target price on shares of T-Mobile US from $187.00 to $201.00 in a research note on Friday, October 28th. TheStreet upgraded shares of T-Mobile US from a “c+” rating to a “b-” rating in a research report on Friday, October 28th. Morgan Stanley dropped their target price on shares of T-Mobile US from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, December 15th. Royal Bank of Canada set a $166.00 price target on shares of T-Mobile US in a report on Thursday. Finally, JPMorgan Chase & Co. set a $200.00 target price on shares of T-Mobile US in a report on Thursday. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $177.33.
T-Mobile US Stock Performance
Shares of TMUS opened at $148.57 on Monday. The firm has a 50-day moving average of $145.82 and a 200-day moving average of $141.77. T-Mobile US has a one year low of $101.51 and a one year high of $154.38. The company has a market cap of $184.84 billion, a PE ratio of 121.78, a price-to-earnings-growth ratio of 0.84 and a beta of 0.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.81 and a quick ratio of 0.73.
T-Mobile US (NASDAQ:TMUS – Get Rating) last posted its earnings results on Thursday, October 27th. The Wireless communications provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $19.48 billion during the quarter, compared to analyst estimates of $19.98 billion. T-Mobile US had a return on equity of 6.29% and a net margin of 1.92%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share.
Insider Transactions at T-Mobile US
In related news, Director Srikant M. Datar sold 750 shares of T-Mobile US stock in a transaction on Friday, November 4th. The shares were sold at an average price of $147.50, for a total value of $110,625.00. Following the sale, the director now owns 3,230 shares in the company, valued at $476,425. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Srikant M. Datar sold 750 shares of T-Mobile US stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $147.50, for a total value of $110,625.00. Following the completion of the transaction, the director now owns 3,230 shares of the company’s stock, valued at approximately $476,425. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Dara Bazzano sold 1,700 shares of T-Mobile US stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $153.46, for a total value of $260,882.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,551 shares of the company’s stock, valued at approximately $1,465,696.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,450 shares of company stock worth $11,045,767. Insiders own 0.68% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Syverson Strege & Co purchased a new position in T-Mobile US in the 2nd quarter worth approximately $27,000. Household Group Estate & Retirement Specialist LLC bought a new position in T-Mobile US in the 3rd quarter valued at $27,000. Evermay Wealth Management LLC grew its position in T-Mobile US by 103.9% in the 3rd quarter. Evermay Wealth Management LLC now owns 208 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 106 shares during the last quarter. Janiczek Wealth Management LLC grew its position in T-Mobile US by 88.6% in the 2nd quarter. Janiczek Wealth Management LLC now owns 215 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Finally, Venture Visionary Partners LLC bought a new position in shares of T-Mobile US during the 2nd quarter worth $30,000. 42.86% of the stock is currently owned by institutional investors.
About T-Mobile US
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T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.
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